The price of Terra Luna Classic has been pump over the past few days, following a very bullish news coming from Binance. The forecasts do not provide a hundred percent positive outlook. There are a lot of different factors that will have an impact on it and alter the way that currency changes to the state of the market.
About Terra Luna Classic (LUNC)
Terra Classic (LUNC) is a cryptocurrency that won’t be forgotten. This token’s dramatic drop is a 2022 bear market crisis. Terraform Labs launched Terra Classic (LUNC) in 2019. Terra Classic was built on Cosmos SDK and Tendermint as a proof-of-stake blockchain. LUNC endorsed Terra’s decentralized stablecoins. Terra ClassicUSD is backed by LUNC. Do Kwon and the Terra team created a new blockchain without algo-stablecoin and launched Terra (LUNA).
Binance to Make Changes to the Burning of Terra Classic (LUNC) Trading Fees
Here’s a portion of Binance’s release, see their official website for more details.
“Following the recent developments as laid out in Proposal 10983 and Proposal 11111, where LUNC burn is being re-minted as a development fund, Binance will be making changes to the burning of LUNC trading fees, to continue to contribute to the supply decrease of LUNC and be in line with what the community originally looked forward to.
From December 2022, Binance will be burning 50% of the LUNC spot and margin trading fees instead of 100%, and delaying sending the LUNC trading fee burn contribution until 2023-03-01, to ensure LUNC trading fees will be excluded from being re-minted. ”
— LunaClassic HQ 🌕 ™ (@LunaClassicHQ) December 28, 2022
Terra Luna Classic Price Analysis
Taking a look at the previous three months, we did see a nice burn amount at the beginning of December, however, we are in a slump at the moment. The total amount of lunar classic burnt is 0.53% of the total supply, and as you can see, the price has not yet recovered to $0.0059.
It is still in a very major correction from this particular level Actually, Luna Classic did experience a big parabolic rally of 44%, and if you had been able to buy the dip on the 16th of December, you might have been able to make up to 54% of your investment, which is quite a substantial sum.
LUNC Price Prediction
The short-term price forecast for LUNC is bullish. This is due to the fact that the cryptocurrency’s price just rebounded at an important medium-term support level, which indicates that the technical view is improving. The recent recovery gives the impression that bulls are getting ready to make a push higher into the balance area between $0.000185 to $0.000241.
If the trend changes, the price of LUNC could drop to $0.000147 or $0.000126. A decisive rise above both this point and the level of $0.00020 would make way to the possibility of a further upward movement above the highs seen in early November around $0.00035, though it’s still very much in a downtrend continuously printing more lower high and lower lows at the same time.
The following are some well-known initiatives that are now doing token presales at discounted prices, offering early adopters both immediate and long-term benefits.
FightOut is one of the best metaverse to invest in, after being on the market for fewer than three months, the new cryptocurrency known as FightOut has gathered a sizeable network of supporters on social media platforms. FightOut is a fitness application that is based on the concept of move-to-earn, which has recently received a lot of attention.
Using cutting-edge technology, such as blockchain, the project’s objective is to make maintaining a healthy lifestyle less difficult and more time-effective. Gain experience levels, complete challenges, and collect rewards while you interact in the metaverse. FightOut is conducting a presale of FGHT with a time-limited bonus. you can purchase FGHT on t he official website using ETH, USDT, and credit cards (Transak).
Dash 2 Trade
Dash 2 Trade is an innovative cryptocurrency analytics and trading signals platform that was just released. It is furnished with a large number of features that are uncommonly seen in other projects. The fourth quarter of 2022 marked the beginning of its presale.
Dash 2 Trade has been very open and forthright with its business dealings, and the company has also had Solid Proof evaluate the smart contract code it uses. CoinSniper’s verification includes that it meets the requirements of the KYC protocol as well. The presale of the project is drawing to a close soon, having successfully raised more than $12 million. The IEO for Dash 2 Trade is set for January 11th, 2023.
C+ Charge is an eco – friendly and green cryptocurrency initiative that has recently been developed with the goal of democratizing the carbon credits market and rewarding electric vehicle (EV) users for charging their vehicles. C+Charge is working on developing a peer-to-peer (P2P) payment system that will be used at electric vehicle charging stations.
C+Charge will provide electric vehicle owners with carbon credits in exchange for charging their vehicles by utilizing blockchain technology. Investors have the opportunity to take part in C+Charge’s initial fundraising by partaking in the presale of the project’s native token, CCHG.
Because CCHG is a utility token that can be used for transactions and rewards in addition to being an environmentally friendly cryptocurrency, its value has the potential to rise over the long run.
FightOut (FGHT) – Move to Earn in the Metaverse
- CertiK audited & CoinSniper KYC Verified
- Early Stage Presale Live Now
- Earn Free Crypto & Meet Fitness Goals
- LBank Labs Project
- Partnered with Transak, Block Media
- Staking Rewards & Bonuses